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Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage answers to 1 decimal place, e.g. 527.5.)
Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage answers to 1 decimal place, e.g. 527.5.) Assets Cash $24,405 3.3 % Accounts receivable $123,679 % Inventory 27.2 % Total current assets $348,172 % Gross plant and equipment 95.2 % Less: accumulated depreciation $313,000 42.6 % Net plant and equipment % Total assets $735,172 100.0 % Liabilities Accounts payable 15.8 % $ Notes payable $28,630 3.9 % Total current liabilities % $ Long-term debt $246,950 33.6 % Total liabilities $392,051 % Common stock ($0.01 par, 450,000 shares) $4,500 0.6 % Paid-in capital $219,746 29.9 % Retained earnings % Total stockholders' equity $343,121 46.7 % Total liabilities and equity 100.0 %
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